Presented below is the 2021 income statement and comparative balance sheet information for Tiger Enterprises. TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2021 ($ in thous ands) Sales revenue $7,840 Operating expenses: Cost of goods sold Depreciation expense Insurance expense General and administrative expense Total operating expenses 3,500 380 240 1,940 6,060 1,780 (740) $1,040 Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands) Assets Dec. 31,2021 Dec. 31, 2020 Cash 440 $ 340 Accounts receivable 890 970 Inventory Prepaid insurance Equipment Less: Accumulated depreciation 780 740 120 90 2,800 (1,120) 2,500 (740) Total assets $3,910 $3,900 Liabilities and Shareholders' Equity Accounts payable Accrued liabilities (for general & administrative expense) Income taxes payable Notes payable (due 12/31/2022) 440 500 440 540 290 340 940 740 940 Common stock 1,040 Retained earnings 890 710 Total liabilities and shareholders' equity $3,910 $3,900 Required: Prepare the cash flows from operating activities section of Tiger's 2021 statement of cash flows using the direct method. Assume that all purchases and sales of inventory are on account, and that there are no anticipated bad debts for accounts receivable. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) TIGER ENTERPRISES Statement of Cash Flows For the Year Ended December 31, 2021 ($ in thousands) Cash flows from operating activities: Cash received from customers Cash paid for insurance Cash paid for merchandise Cash paid for general and administrative expense Cash paid for income taxes 0 Net cash flows from operating activities $